Product Overview

The management of a business in whatever field, places additional responsibility on the managers and directors.

Directors / trustees that transgress can find themselves personally liable to the company, shareholders, investors, creditors and the general public.

We are able to offer insurance to protect Directors and their business' from these risks including :

DIRECTORS AND OFFICERS LIABILITY INSURANCE

You need Directors & Officers Insurance when you assemble a board of directors. You need it because claims for stockholders, employees and clients may be made against the company AND, personally against you the directors.

No matter how strong the belief in your company is, protect your personal assets and those of your fellow Directors with a good Directors and Officers policy.

What we look for in a policy would be to protect you against :

defence costs of health & safety (including Corporate Manslaughter), trading standards, environment or other regulatory claims

defence costs and awards of claims by :

• individual shareholders
• administration of company pension or employee benefit scheme
• pollution
• run off cover for retiring directors
• public or private offering
• time limited cover in the event of management buy-out

LEGAL EXPENSES INSURANCE

As a business owner, you will need access to Professional Legal Advice and representation – quickly. A good Legal Expenses policy will provide exactly that and more. It should even cover lost wages if or when you need to attend court or tribunal.

This is what we look for in a policy – we look to protect you against :

• Employment disputes and compensation awards
• Property Protection
• Tax Protection
• Bodily Injury
• Legal defence
• Attendence expenses

Policies vary and so do individual business needs – talk to us and we'll find the right policy for you.

KEYMAN INSURANCE

Keyman insurance is one of the most overlooked insurance policies, and in my opinion it's one of the most important.

Think about it! What would you do if you lost one of your key employees, managers or co-directors?

Keyman Insurance financially protects your business from the effects of a long illness or even the death of a key person on your staff. The policy will effectively 'buy you time' to employ temporary staff, recruit or simply cover the cost of temporary loss of profits whilst you look for a replacement.

Business' are complex, and Keyman Insurance can be complex to setup because your needs vary. Generally policies cover some or all of the following :

• Key people – pays money when key staff are unable to work
• Protect profits
• Protect shareholder/partners interests
• Personal Loan guarantees for business loans or banking facilities.

This type of insurance is specialist and Neil Willies Insurance has a team equipped to write it for you.

Other Management Risks you should consider are :

Employment Practices Liability

Charity and Association Liability

Commercial Crime and Risk Management

Pension Fund Trustees Indemnity